Leaside Home Sales for October 2023
Sales Volume Changes*
All homes - down 16.9% to 118 homes sold
Detached - down 15.2% to 95 homes sold
Semi-detached - down 8% to 23 homes sold
Dollar Value Changes*
All homes - down 3.2% to $2,465,345
Detached - down 3.3% to $2,694,184
Semi-detached - down 8.9% to $1,536,298
*MLS 12-month year-over-year changes ending October 31, 2023; Provided by Jethro Seymour
In the Leaside neighborhood, a total of ten homes were recently sold, consisting of nine detached homes and one semi-detached homes. The average value of these transactions last month was $2,116,800, marking a 9.5% decrease from the mean average of $2,338,644 in October of the previous year.
Average Days On Market for Detached Homes in Leaside Surged by 58.3%. for October 2023
Out of the ten homes sold in October, two were sold at or above their initial asking prices. The most prominent sale was a renovation-ready, detached 2-storey single-family home located on Bennington Heights Drive. This property, boasting 4 bedrooms and 3 bathrooms, sits on a substantial 50.06 x 103.13-foot lot with the convenience of a private drive and two attached garages. Notably, it was purchased for $3,625,000, which was 97% of its listed price. Another remarkable sale was a detached property on Lumley Avenue that sold for $2,728,000, exceeding expectations by achieving 109% of its initial listing price.
Last month, the average Leaside home sold within 18 days of listing. The quickest sale occurred in just 3 days on Sutherland Drive, while the longest took 6 days on Lumley Avenue. However, two homes remained listed for over 9 days, and 21 others listed in October are still unsold at their current prices.
Entry into the Leaside market now requires buyers to spend $1,270,000 for a semi-detached home and at least $1,580,000 for a detached home.
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October 2023 Sales
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|2 Bedroom||1|| $1,430,000 ||99%||12|
|Semi-detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of November 4 2023;
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Leaside & Bennington Heights Real Estate Brokers and a midtown Toronto residential specialist with over 20 years of sales experience in real estate, marketing, construction and publishing. He has helped many families find homes in Toronto’s great neighbourhoods, and has extensive knowledge of local markets, new home construction, resale home sales, and the condo market. Living in midtown Toronto, Jethro previews many of the homes that come to market for his clients and inventory knowledge. Jethro specializes in Midtown, Davisville Village and Leaside neighbourhoods.